• Affordable monthly payments

    Affordable monthly payments

    Deals with competitive APR & Interest rates

  • Huge car choice

    Huge car choice

    Choose from any reputable FCA Approved dealer

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  • Decision in minutes

    Decision in minutes

    From a huge range of trustworthy lenders

A Conditional Sale car finance agreement is very similar to a Hire Purchase agreement, except that you automatically own the car once you have made all of your repayments. This means as soon as you sign the contract you are the owner of your new car!

Within a conditional sale car finance deal, you can either put down a deposit or offer your current car as a part exchange, and once the finance company have paid the dealership, you will be ready to collect your car.

car finance choices

What is conditional sale car finance?

Conditional car finance can be one of the most straightforward ways to purchase a car. For us, Hire purchase tends to be the most popular but we do have lenders who can offer conditional sale to our customers. Conditional sale allows you to split the cost of your chosen vehicle into affordable monthly payments. Your price won’t change during the agreement either thanks to fixed monthly payments.  Just like HP finance, you won’t own the car til the end of the term as it is a secured loan. This means if you fail to make your repayments, the lender has the right to take the car off you. We recommend that you only apply for finance if you know you can meet every payment each month. Apart from that, it’s one of the simplest ways to pay for your next car!

Benefits of Conditional Sale:

✓ Monthly repayments are usually smaller

✓ Can benefit from a smaller initial deposit

✓ Repayments are fixed at the same amount for the whole term

✓ No Option to Purchase fee at the end of the term 

new car on finance
Gert a free finance quote

How do you get a car through conditional sale? 

Let us get to know you

 

details on application form

Our online application form only takes a few minutes to complete and won’t harm your current credit score!

We do the leg work for you

select your lender

Our team match you with the most suitable lender from a wide range of some of the most trusted car finance lenders in the UK!

Reliable cars from trusted dealers

used car on finance

You’re then free to choose the car you want from any UK dealer – all we ask is that you use one that is verified by the FCA!

Why choose Refused Car Finance?

✓ Quick online application

✓ Fixed monthly payments

✓ No deposit plans are available

✓ Good credit, bad credit or no credit history all welcome!

Get started

Registered with Information Commissioners Office ICO Registration Number: ZA132327 UK Car Finance Limited. Registered in England Registered number 9397657. Registered Office Lakeside House, 30 Northumbrian Way, Newcastle Upon Tyne, NE12 6EH Refused Car Finance is a trading style of UK Car Finance Limited and is acting as a licensed credit broker and a lender, we are authorised and regulated by the Financial Conduct Authority, registration number 714966. All finance is subject to status and income. Applicants must be 18 or over, terms and conditions apply, and guarantees and indemnities may be required. Written quotations on request. Certain exclusions for NI residents. Note: We cannot be held responsible for specification errors, and price errors, we use Motortrade software which is not always 100% accurate. Copyright 2022 Refused Car Finance.

Refused Car Finance can introduce you to a limited number of finance providers based on your credit rating and we may receive a commission for such introductions.

Representative Example

Cash price – £4,500.00, Deposit – £0.00, Amount of credit – £4,500.00, Rate of interest – 8.61% per annum, Amount of interest – £1,548.90, Documentation Fee – £50, Option to Purchase Fee – £50.00, Total charge for credit – £1,648.90, First repayment – £176.02, Followed by 46 Monthly repayments of – £126.02, Final repayment – £176.02,  Total amount payable – £6.148.90, Representative APR – 17.55%

*First 3 months on 2021, over 51% of Refused Car Finance customers that had their loan arranged were offered an APR of 17.55% or lower

In the first 3 months of this year, UK Car Finance Ltd received 2140 unique applications, of which we were able to offer 2136 applicants a line of credit, subject to the applicant being able to provide acceptable proof of affordability, being free from insolvency and or/a supporting guarantor fitting the lenders eligibility criteria, this represented 99.8% of applicants in this period.

Rated No.1 for car finance in the North East of England collated from Google Business Reviews

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